Tianci International, Inc. (NASDAQ:CIIT) Sees Large Decrease in Short Interest

Tianci International, Inc. (NASDAQ:CIIT) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 89,178 shares, a decrease of 77.4% from the April 15th total of 394,959 shares. Based on an average daily trading volume, of 120,832 shares, the days-to-cover ratio is presently 0.7 days. Approximately 5.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tianci International in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tianci International presently has a consensus rating of “Sell”.

Tianci International Trading Down 0.2%

Shares of NASDAQ CIIT traded down $0.00 during mid-day trading on Thursday, reaching $1.28. The company had a trading volume of 11,760 shares, compared to its average volume of 523,643. The company has a 50-day moving average price of $1.74 and a two-hundred day moving average price of $2.89. The stock has a market cap of $4.63 million and a PE ratio of -0.96. Tianci International has a 1-year low of $1.15 and a 1-year high of $18.01.

Tianci International Company Profile

The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).